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  • Only 10% of Nigerians earn above ₦100,000, according to the Nigerian Financial Services Market Report. This aligns with most reports about Nigeria, and it's in sharp contrast to the narratives online.
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    MTN Nigeria has dominated the country's telecommunications market over the years, accounting for the largest market share. All four operators, apart from 9mobile, recorded a significant increase in their subscriber base between May 2014 and March 2024.

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  • The 2024 Global Peace Index reveals a decline in peacefulness in 97 countries, the highest since the index began.

    Nigeria is among the nations affected by regional conflicts and rising violence. With a peace index score of 2.91, Nigeria is facing increasing challenges.

    A deteriorating peace score impacts foreign investment and economic stability. Global economic losses due to violence reached $19.1 trillion in 2023.

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    The FAAC's revenue distribution from 2017 to August 2023 highlights the dominance of Delta, Akwa Ibom, Rivers, and Bayelsa states in allocations. Despite Lagos' economic prominence, it ranked fifth. Here is the distribution of revenue among states between 2017 and August 2023.

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  • A Trend of Adult literacy rates of African countries

    Between 2018 and 2021, adult literacy rates across African nations exhibited significant disparities. Seychelles and South Africa led with literacy rates of 96% and 95%, respectively, indicating a high proportion of literate adults. Conversely, Chad had the lowest literacy rate during this period.

    These statistics underscore the uneven progress in educational attainment across Africa, highlighting the need for targeted interventions to improve literacy in lower-performing nations.

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    Nigeria was the seventh most populous nation in the world in 2020, with 206.1 million people. Projected to reach a population of 401.3 million by 2050, Nigeria will rank third after India (1st) and China (2nd). According to Institut national d'études démographiques' projections, Nigeria, Ethiopia, DR Congo, Egypt, Tanzania, and Kenya will be among the world’s top 20 most populous countries by 2050.

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  • Only 10% of Nigerians earn above ₦100,000, according to the Nigerian Financial Services Market Report. This aligns with most reports about Nigeria, and it's in sharp contrast to the narratives online.
    See more

  • MTN Nigeria has dominated the country's telecommunications market over the years, accounting for the largest market share. All four operators, apart from 9mobile, recorded a significant increase in their subscriber base between May 2014 and March 2024.

    See more

  • The 2024 Global Peace Index reveals a decline in peacefulness in 97 countries, the highest since the index began.

    Nigeria is among the nations affected by regional conflicts and rising violence. With a peace index score of 2.91, Nigeria is facing increasing challenges.

    A deteriorating peace score impacts foreign investment and economic stability. Global economic losses due to violence reached $19.1 trillion in 2023.

    See more
Other Insights
 
  • South Africa had 5,230 fewer ATMs in 2025 than at its 2016 peak.
  • Nigeria had 2,055 fewer ATMs than at its 2019 peak.
  • ATM counts in 18 African countries were below their recorded peaks in 2025.
  • The other 23 countries with 2025 data recorded their highest ATM counts that year.
  • Of 49 countries with comparable data, 40 had more ATMs in their latest reported year than in 2017.
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  • Djibouti had 92.2% of its employed people working in services in 2025.
  • Services accounted for more than half of employment in 18 African countries.
  • Mauritius, South Africa and Libya each had services employment shares above 70%.
  • Nigeria’s services employment share was 49.5%, above sub-Saharan Africa’s 38.5%.
  • Nigeria was slightly below the global services employment share of 50.6%.
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  • International visitor spending fell 51.3%, from ₦947.1 billion in 2019 to ₦461 billion in 2025.
  • For every ₦100 international visitors spent in 2019, they spent about ₦49 in 2025, adjusted for inflation.
  • International visitor spending declined for three consecutive years, falling 18.6% in 2025.
  • Domestic visitor spending rose 10.6% between 2019 and 2025 to ₦6.39 trillion.
  • Domestic visitors accounted for roughly ₦93 of every ₦100 spent on travel and tourism within Nigeria in 2025.
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  • South Africa and Egypt contributed $76.9 billion, roughly a third of the 46-country total.
  • South Africa led with $42.5 billion, followed by Egypt at $34.4 billion.
  • The top four countries accounted for slightly more than half of the $225.6 billion total.
  • Nigeria ranked ninth among the countries covered, with $7.6 billion.
  • Nigeria had the largest contribution among the West African countries included.
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  • Agriculture’s share of employment in Nigeria fell from 53.8% in 1991 to 33.5% in 2025.
  • Services became the largest employment sector, accounting for 49.5% of employment in 2025.
  • Services recorded the largest increase, gaining 13.38 percentage points from 1991 to 2025.
  • Industry’s share rose from 10.1% to 17.0%, an increase of 6.93 percentage points.
  • Agriculture recorded the largest change, losing 20.31 percentage points.
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  • 11 African currencies featured among the 25 listed.
  • Somalia had the highest exchange rate among the African currencies highlighted, at 24,300 shillings per US$1.
  • Nigeria’s naira averaged ₦1,518 per US$1 in 2025.
  • 7 of the 11 African countries were in Eastern Africa, based on the UN M49 subregional classification.
  • Iran was the global outlier, averaging 711,418 rials per US$1, nearly eight times Lebanon’s 89,500.
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  • Agriculture accounted for 25.8% of global employment in 2025, meaning roughly one in four employed people worked in the sector.
  • Burundi had the highest share among the countries highlighted, at 85.3%, followed by Mozambique and Niger at about 73% each.
  • 19 African countries had more than half of their employment in agriculture.
  • Sub-Saharan Africa’s agricultural employment share was 49.3%, nearly twice the global average.
  • Nigeria’s share stood at 33.5%, above the global average but well below the Sub-Saharan African average.
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  • Nigeria’s multidimensional poverty rate rose from 33.0% in 2021 to 38.7% in 2024, affecting 90.1 million people.
  • The 2024 comparative estimate puts nearly 4 in 10 Nigerians in multidimensional poverty.
  • The broader national estimate is higher at 48.7%, or approximately 113 million people.
  • Multidimensional poverty measures deprivation in health, education and living standards, rather than income alone.
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  • Software engineers in the lowest-paid quarter (₦730k) out-earn top-10% medical officers (₦520k).
  • Software engineers earn 1.9× as much as medical officers at entry, 2.2× at the median and 4.4× at the top 10%.
  • Software engineer pay more than triples from entry to top 10%, while medical officer pay rises by about a third.
  • This data covers two roles only, with 50 medical officers across five employers, and all figures are monthly gross pay.
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  • Lagos recorded an 82.3% numeracy rate, compared with 0.8% in Jigawa.
  • Nigeria’s foundational numeracy rate was 25.3% in 2021.
  • Fifteen of the 18 jurisdictions above the national average were in the South.
  • In 11 northern states, fewer than 12% of children had foundational numeracy skills.
  • Taraba’s numeracy estimate was 9.5%, with a 95% confidence interval of 6.0%–14.7%.
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  • South Africa held the largest Chinese FDI stock in Africa at $6.25 billion in 2024.
  • South Africa, DR Congo and Nigeria held 30% of Africa’s Chinese FDI stock.
  • The top 10 countries accounted for 64% of the continent’s total Chinese FDI stock.
  • Niger led the remaining top 10 countries with $2.45 billion, followed by Mozambique at $2.28 billion.
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  • China's FDI stock in Africa rose 94-fold, from $491 million in 2003 to $46.1 billion in 2018.
  • By 2024, the stock had recovered to $43.8 billion, still 5% below its 2018 peak.
  • Africa accounted for just 1.4% of China's $3.14 trillion global FDI stock in 2024.
  • Nigeria's Chinese FDI stock fell from a 2017 peak of $2.86 billion to $2.72 billion in 2024.
  • African countries recorded a net $2.31 billion decline in Chinese FDI stock between 2018 and 2024.
  • Niger recorded the largest increase, from $758 million in 2018 to $2.45 billion in 2024.
  • Zambia recorded the largest decline, from $3.52 billion in 2018 to $1.70 billion in 2024.
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1 2 3 … 136
  • South Africa had 5,230 fewer ATMs in 2025 than at its 2016 peak.
  • Nigeria had 2,055 fewer ATMs than at its 2019 peak.
  • ATM counts in 18 African countries were below their recorded peaks in 2025.
  • The other 23 countries with 2025 data recorded their highest ATM counts that year.
  • Of 49 countries with comparable data, 40 had more ATMs in their latest reported year than in 2017.
Read more
  • Djibouti had 92.2% of its employed people working in services in 2025.
  • Services accounted for more than half of employment in 18 African countries.
  • Mauritius, South Africa and Libya each had services employment shares above 70%.
  • Nigeria’s services employment share was 49.5%, above sub-Saharan Africa’s 38.5%.
  • Nigeria was slightly below the global services employment share of 50.6%.
Read more
  • International visitor spending fell 51.3%, from ₦947.1 billion in 2019 to ₦461 billion in 2025.
  • For every ₦100 international visitors spent in 2019, they spent about ₦49 in 2025, adjusted for inflation.
  • International visitor spending declined for three consecutive years, falling 18.6% in 2025.
  • Domestic visitor spending rose 10.6% between 2019 and 2025 to ₦6.39 trillion.
  • Domestic visitors accounted for roughly ₦93 of every ₦100 spent on travel and tourism within Nigeria in 2025.
Read more
  • South Africa and Egypt contributed $76.9 billion, roughly a third of the 46-country total.
  • South Africa led with $42.5 billion, followed by Egypt at $34.4 billion.
  • The top four countries accounted for slightly more than half of the $225.6 billion total.
  • Nigeria ranked ninth among the countries covered, with $7.6 billion.
  • Nigeria had the largest contribution among the West African countries included.
Read more
  • Agriculture’s share of employment in Nigeria fell from 53.8% in 1991 to 33.5% in 2025.
  • Services became the largest employment sector, accounting for 49.5% of employment in 2025.
  • Services recorded the largest increase, gaining 13.38 percentage points from 1991 to 2025.
  • Industry’s share rose from 10.1% to 17.0%, an increase of 6.93 percentage points.
  • Agriculture recorded the largest change, losing 20.31 percentage points.
Read more
  • 11 African currencies featured among the 25 listed.
  • Somalia had the highest exchange rate among the African currencies highlighted, at 24,300 shillings per US$1.
  • Nigeria’s naira averaged ₦1,518 per US$1 in 2025.
  • 7 of the 11 African countries were in Eastern Africa, based on the UN M49 subregional classification.
  • Iran was the global outlier, averaging 711,418 rials per US$1, nearly eight times Lebanon’s 89,500.
Read more
1 2 3 … 271
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